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a record deficit when he came into office. >> does it work to keep talking about what happened before? >> only to put in context of where he wants to take the country. we were handed a record debt. record deficit when we walked in because of two wars that weren't paid for, two tax cuts that weren't paid for. because of the economic crisis we had to take emergency action. he would do that same thing today. we saved millions of american families from the severe -- most severe economic crisis we've seen in our life times. now the president cut a trillion dollars and he has a plan to do more, a $4 trillion deficit reduction plan. the only person on that stage tonight with a real deficit reduction plan scored by the cbo, you know, scored by independent economists is barack obama. mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this wee
deficit. they have to deal with the deficit. but once you're done with the deficit you have to rebuild the middle class in this country and nobody is paying much attention to that. we have a lot of rhetoric in the campaign but-- >> but the necessary done to help the middle class is to nail down the fiscal issues. if we don't nail down the fiscal issues, i don't think anything will matter. >> but i'm with you, i think it will happen because of necessity, because of the fiscal cliff. >> what it will take to rebuild the middle class? >> it's taken three decades to basically decimate the middle class. it will take something like that to rebuild it. but we have to be dedicated to that. we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i thi
voters have no idea what you're talk about. >> the number in the times front page story about the deficit and, you know, the fourth straight year of trillion plus deficit, these are things that concern -- >> the american voters. >> and a number that resonates. talk about trillion dollar deficits an every normal person is going to go what are we doing. >> let's be clear about that ad. the ad is a strong ad, but generally candidates do straight to camera ads when they feel like they're in trouble. president obama did his one and only after the welfare ads started to hurt him, you didn't build that, he went straight to camera. romney's ad is a response to the 47% and what that's doing to him in places including ohio and to go back to curt's point about why romney is personally beyond the economic numbers, the president has had a problem with white working-class vote es for a long time. worse in the south than in the industrial midwest but still there in the industrial midwest. mitt romney is almost like -- almost the jerry built to be the worst possible candidate to talk to white working-cla
the math work on his deficit plan and his tax plan. are we going to get those details in the course of the debate? >> well, you know, david, i wish you guys were just as tough on the president. the president says he's going to create a million new manufacturing jobs. he doesn't say how. he says he's going to reduce the long-term debt and deficit by $4 trillion. doesn't say how he's going to do it. you know, let's be fair here. governor romney has laid out a direction and a vision for the direction of this country. he's not an accountant. he's not going to go line by line as much as you'd like him to do through the budget. but let's hold the president to the same standard and criticize him as well. >>> good morning, it is monday, october 1st. it's october, everybody. welcome to "morning joe." >> yeah, you know who's glad september's over? >> who? >> the jets. holy cow! >> i thought you were going to say mitt romney. with us on set, we have msnbc and "time" senior political editor mark halperin and national affairs editor for "new york" magazine john heilemann. guys. hi, willie. >> he
the deficit or popular deductions. >> you're the master of the budget. so briefly let's go through the plan. the obama plan says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years. true? >> not in the least bit true. look, this just goes to show, if you for tur statics enough, they will confess enough to what you want them to say. >> how much would it cost? >> it's revenue neutral. >> i'm not talking about the cut. we'll get to the deductions. but the cut in the tax rates. >> the cut in tax rates is lower all american tax rates by 20%. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. >> that's where i'm going. >> i'm going to get to that in a second. >> lowering the tax base works and you can. >> let me just -- you haven't given me the math. >> look, i don't have the -- it would take me too long to go overall of the math. >> it would take too long to do the math? this isn't a pop quiz. it's a presidential election. even the conservatives are fed up with the lack of deta
he has remained strong, for instance, on federal spending and dealing with the deficit and debt. they're hitting that in ads. this is something people are genuinely worried about and he can connect to the economy because people in their everyday lives. gregg: juan, as you know unemployment is still above 8%. gdp is a comatose 1.3%. brain-dead on life-support. we have a debt that is crushing of $16 trillion. more americans than ever before, 47 million, are on food stamps. gasoline prices have doubled in the four years that president obama has been in office. i mean, what is he going to say tonight when surely he will be asked about that? >> oh, gregg, i think there is lots of positives to offer. gdp clearly now is far in excess where we were when he took office. if you look at wall street, you look at the nasdaq --. gregg: juan, under reagan it 7% in the reagan recovery. it is 1.3% right now? >> again, what you see is compared to where he took office, gregg. it is much better. economy, if you ask the american consumer right now, they have a much better attitude about where we're going,
's deficit. let's go to clayton. >> big story making headlines this morning. several days after the attack on the u.s. consulate. this is the story that the obama administration was sticking to. listen. >> this was not a preplanned premeditated attack that what happened initially was it was a spontaneous reaction to what had just transpired in cairo as a consequence of the video. >> our current assessment is that what happened in benghazi was, in fact, initially a spontaneous reaction. >> what our assessment is as of the president is in fact what it began spontaneously in benghazi as a reaction to what had transpired some hours earlier in cairo. >> but as fox news reports, the administration knew within the first 24 hours that it was a terrorist attack. so why were americans left in the dark and how could potential coverup impact the election? here for fair and balanced debate is fox news contributor angela mcglowan and mclavigne. this seems like a big problem for the president. >> i don't see it that way. look, the president came out the morning after the attacks on september 12th. came o
tax rates 20%, as you said, keep the budget deficit from getting larger, and protect the middle class from any tax increases. well, look, if you're going to cut taxes and you're going to be revenue neutral about it, that is not increase the budget deficit, that means somebody is going to have to pay more to offset the fact that somebody is paying less. >> and who is going to pay more? >> well, what mitt romney initially said was that we will just -- we'll get that from the top 1%. we'll get that from wealthy folks. well, that's where the arithmetic comes in. if you look at all of the deductions, you sum them all up, every single tax deduction going to those high-end folk, they don't make up the difference. it's not enough to offset the rate cuts. so you'd have to go to the middle class. >> okay. well, ryan and romney are fond of bragging about how they'll be tough on issues. once again we give you the candidate. >> we'll also take medicaid as well as housing and food stamps, we'll take the dollars that are going in those programs, return them to the states where they'll grow at the ra
and the deficit is very important for a candidate to appeal to independents. mitt romney during the presidential primary here that he won convincingly eve emphasized that a great deal and i think that helped him with indianas. we are without a sales tax and income tax. people understand here that financial decisions have consequences. i can recall in 2000 when john mccain talked about the debt and the deficit the bush campaign at the time said what is he talking about? john mccain beat george bush here by 20 minutes in that prime rare re. bush retooled his message and barely won new hampshire by talking about the debt and the deficit. gregg: kevin in 2010 the last election there, if i understand it, if i recall correctly i think republicans won almost every office, but that doesn't mean it's going to happen that way this year, the pendulum could begin to swing in the other direction? >> that's correct. we had the largest republican sweep for a legislature of any state in the country in 2010. four years earlier in 2006 the democrats took control of the legislature at all levels of power for the f
policies. all he needs to talk about is failure, crisis, the inability of this president to get the deficit under control, deficits mean new taxes. debt mean new taxes. unemployment means misery in this country. if he can understand that, then he can win this debate. what it is for mitt romney is saying i welcome you into my house. let's come in, have this discussion. if you hents wanted to come into my house before, now think about it. >> brian: just one thing that will be interesting 'cause they'll have a whole section on obamacare and you have the romneycare incident. so -- >> he's an expert, mitt romney on health care. he did it differently in massachusetts. he shouldn't be embarrassed about it. he can talk about it in a real way. >> brian: and he has recently on the stump. peter johnson, jr., thanks. >> we'll be watching. >> brian: and analyze tomorrow. 11 minutes before the top of the hour. up next, do you always hate what you see when you look in the mirror? up next, dr. keith ablow tells us if you are normal or nuts. right there, a free session for martha mccallum. on this day in hi
,000 tax bill next year. it's -- they couldn't agree on deficit reduction. fiscal cliff congress would have to fix it a quick point. the payroll tax cut that you're getting right now, it's likely not going to be extended. there will be higher taxes, maybe a little bit, maybe a lot depending what congress does. now, the new york attorney general filed suit against jpmorgan against the mortgage backed securities sold. the start of it all. the civil suit alleges that bear stearns which jpmorgan now owns and is responsible for, misled investors into thinking the toxic loans had been fully evaluated. even when bear stearns found out there were problems, the bank "failed to reform their practices or to disclose material information to investors." that's according to the complaint. total losses suffered, $22.5 billion in 2006 and 2007. here's the thing we can control. we can control what we're spending and buying this month. it's a new month and every month there are new deals. they're known -- every month is known differently for shoppers. according to deal news.com, here's what to buy and not bu
for decades had a 10, $50 billion deficit because we just spent too much money. >> steve: as big as the deficit is in california, it doesn't even approach what we're heading toward here in the united states of america. >> that is really tough because when you talk about $16 trillion, i mean, this is the last few years come from ten to $16 trillion. that is troubling. then on top of it, you have the deficit, which is like a trillion and a half every year. i mean, we are talking about a lot of money, and on top of it, this country doesn't have a budget for three years, we've been waiting for a budget. there is no budget. how do you operate that way? >> brian: that's a failure for the president, don't you agree? >> everyone in washington it's a failure. if congress cannot get their act together and look at this, if you can not get immigration reform done which they have been talking about ever since i've gotten into office, they've talked about immigration reformment nothing gets done. every year they say, next year is an election coming up. hello? of course there is an election co
the question about how do you keep the code without increasing the deficit. but it's a promising proposal that tax policy exports like because it is achievable. now, if you lump the deductions together and don't fight them one by one and have a cap, that is easier to get done. >> on that 17,000, a, do you think we're going to hear about it tonight? does that include things like charitable deductions, mortgage deductions? how far do you think that goes? >> reporter: yes, it does. >> 17,000 cap across the board. that is meaningful. that would have a huge impact on the real estate market, it would have a huge impact broadly. >> reporter: yes, i believe from what i was reading yesterday, and i haven't gotten a chance to delve into it that $17,000 level was set purposefully because people in the under $200,000 income category generally speaking don't have more than that, right? but it makes it easier to begin taking on deductions as you move up the scale. so i do think it's positive. i would expect him to get asked about it and, you know, if he starts sketching out a little bit how he would re
the world. part of the budget reform hike taxes on the wealthy to reduce france's deficit amidst all of. calling for 7 a% tax on the super rich. aruba, sweden and denmark and netherlands have the highest tax rates between 50 and 60%. u.s. caps income tax rates currently at much lower 35%. critics say france's proposed hikes will back fire by putter hurting businesses. police in canada busted three men, including one current and one former police officer for smuggling cheese and other foods across the border cost more in canada than the lower 48. suspects bought $200,000 of the stuff buffalo, new york. drove some 22 miles into canada without declaring it to customs. sold it to canadian restaurants and made more than $165,000 in profit. off cheese. one day after israel's prime minister netanyahu drew a red line. he spoke about the iranian nuclear threat. we will have details from both phone calls. word of another football bounty scandal. but not in the nfl this time. peewee wait until you hear this. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance spee
collapse by the u.s. at the 39th ryder cup. the europeans roaring back from a deficit to stage a breathtaking 4 1/2 to 13 1/2 point win. sinking a five-put putt to seal the victory. europe's tseventh victory. >> we have to listen to peiers morgan now. >>> and the super bowl champion new york giants lost to the eagles and the eagles undefeateda dramatic win against the panthers. featuring two long bombs by matt ryan in the closing minutes. extraordinaire. >> i can't believe you watched it. >> amazing powers and inabilities to watch sports even if it means sacrificing sleep. >>> another water cooler topic. arnold schwarzenegger puts himself in the hot seat answering questions about his failed marriage, his affair, his love child, and the fact that he performed same-sex marriages while in office. we're going to hear directly from arnold, coming up next. >> big. ♪ well, he's not very handsome ♪ to look at [ sighs ] ♪ oh, he's shaggy ♪ and he eats like a hog [ male announcer ] the volkswagen jetta. available with advanced keyless technology. control everything from your pock
minded, very flinty, cares a great deal about the deficit and taxes, even there he hasn't gained any advantage, despite being associated with the ryan plan. >> dante, if governor romney comes out big wednesday, if there's some big, bold new policy introduced at the debate in denver, how does that play? >> it may give romney a second chance. i think romney really needs to have a clear victory next week to throw new hampshire back into the mix. i mean, certainly, there is still some volatility here. no one's saying it's over here in new hampshire, but i think the thing is, new hampshire's behaving just like it did four years ago. nothing in the past four years has changed new hampshire's essential character as this democratic-leaning bellwether. >> last question here, ten seconds. we know that the state has been inundated with tv and web ads, obviously. talk to me really quickly about the ground game for governor romney. how would you characterize the governor's ground game in new hampshire? >> you know, it's somewhat -- it compares to obama, although obama got a head start, really, in
debt and the deficit in the abstract but as soon as it starts coming to specifics and you start talking about what's really going to cut, it doesn't play very well. >> i think this is interesting in part because the republican strategy on medicare was a little more complicated than just vote for this. >> it was much more complicated. very tangled. >> what they were trying to do was split it where they were going to say if you're over 55 you're going to keep what you have now. in fact, we're going to spend $700 billion more on medicare over the next ten years. paul ryan instantly reversed the position that he had when he was in congress. it kept the president's medicare cuts. romney will repeal that. ryan says that too. it looked to me like that was working, that they were actually managing to sort of get to the president's left on medicare and attack him and say the president's going to cut your medicare, we're going to protect it. i don't know why it's not still working. >> here's why. so they've decided they're going to pick this fight on medicare. it's a bizarre fight they picked for
is from higher income households. >> $1.3 trillion deficit you definitely need something to bring that deficit down. bring the national debt down at some point down the road. once there is a balanced budget. who knows when that would be. most people assume nothing is going to happen as far as the fiscal cliff is concerned between now and november 6. but afterwards in that lame duck session between november 6 and december 31, something will happen. are you among those who will agree -- agree that the fiscal cliff will be avoided? >> yes. i think it will be avoided. i mean, you know, depends on the election. you know. if governor romney wins it is likely -- would kick the can into next year. leave everything the same for a few months. let -- the new president come into office and get it together. probably in the spring. president obama wins the election, then right after the election, lame duck, the clock will start ticking and he will be under a lot of pressure to do something. let me say one other thing. you know, i think the most likely scenario is that we are actually going to h
the deficit. you've got to stop spending more money than we take in. and finally, champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message. >>> here's "the play of the day." >> it's a good one. we want to introduce you to carrey underwood's number one fan. he made a sign saying, would you be my first kiss? and take a look at what happened. >> how are we going to do this? >> lip-to-lip. >> yeah, he did. >> close your eyes. >> and he's a hero. he's a hero. oh, yes. slow-motion, no less. actually, this actually happens around here a lot more than you might think. take a look. lara, what do you say? what do you say? what do you say? >> i'll be right back. >>> coming up, julie bowen. >>> big feats in college football. so, which college quarterback has the record for most passing yards in a single game? go now to goodmorningamerica.com on yahoo! tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cite
and medicaid when that's one of the biggest drivers of our budget deficit. >> wow! all right. >> so that was a portion of what the president said when bob asked him about a meeting on medicare that he had with harry reid, and then the speaker of the house, nancy pelosi. he's saying we've got to cut medicare. we've got to be responsible. democrats are saying no, we can't do that. and now the president, after telling boehner he would do that, is going out on the campaign trail saying those bad republicans want to cut medicare. by the way, this isn't about this election. this is about what happens after this election. how does this president -- >> exactly. >> -- after saying to the republicans, i'm going to cut medicare, which, again, is a responsible thing to do, the only thing you can do if you want to save the program, how can this president then get re-elected and go back to boehner and go, you know what? i said i'd cut medicare, and then i demagogued it and attacked you guys on the campaign. >> well, in his own words, he said it's bad politics to not draw a distinction. now, there
-dollar deficits. every single year, he's added $5 u'adhe bailouts.tiolde you've had so many things that mitt romney could run on, a he hasn't been able to do it. willie, that is the ongog frustration that this man has been given more material than any republican nominee since rona rean in 19,e can't seem to connect the dots and explain why a conservative economic world view should be used to turn this economy ound. it is a daily frustration for conservatives. >> and daniel hop m romy tupsnt a the debate six days from now. steve, let's inside these numbers. you've got some charts explaining president obama's recent surge in the polls. >> yes, because while i agree with a lot of what joe said, there are someubstantive reasons why president obama should be doing better at the moment. th don't get as much tentn. so'salk litab. first, nobody is happy with the state of the economy at the moment. 2% growth with 8% unemployment. but as we've talked about on this show, it's the trend as much as absolute levels that determine how people feel. this is an historil chart of economic oimism going back to
overhang of, you know, debt and deficits as well to pay off down the road. >> and unemployment levels are at historic highs among youth today. >> the problem romney has is he says if i'm elected president i will do the following things. the problem is when he was governor he actually raised the debt to the highest level per capita at any place in america. he increased tuition. and he increased taxes. those aren't the things he's saying on the campaign trail. that's just what he did as governor. >> so here's the thing i would say to you, governor. if governor romney's track record is relevant, then president obama's track record is relevant. and under president obama the debt has gone to $16 trillion -- he has racked up under his presidency more debt in a single term than every president combined before him. >> that was true with reagan, carter, nixon. >> you have to sit and deal with that track record. >> one other issue we haven't talked about yet, one of these 15-minute segments is going to be about health care. what is the question for mitt romney? i think he should double down and
Search Results 0 to 40 of about 41 (some duplicates have been removed)